Governor's Budget Fiscal Years 2002-2003 Vol 1

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The RAM loans are not repaid until the borrower dies or sells their home. The CAP loans are not repaid until the borrower sells their home.
These amounts are assets of the board and the interest is accrued monthly, but the program may not receive the principal and interest repayments for many years.
Operating Expenses: The board draws funds for its budget annually from the amounts available within the Indentures. The amount of the approved budget, less any cash on hand, is withdrawn from the In
...denture and is allocated among the various Indentures. These funds are pledged to the bondholders.
Significant Present Law - • Automate the monthly loan account reconciliation using Cash Management software New Proposals - • Employ additional staff to deal with single-family and multi-family housing projects DEPARTMENT OF COMMERCE C-75 HOUSING DIVISION DEPARTMENT OF COMMERCE 6501 BOARD OF INVESTMENTS 75 75 Board of Investments Carroll South x0001 Program Description - Board of Investments staff manage state funds in the Unified Investment program, established under Article VIII, Section 13 of the Montana Constitution.


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